U.S. food company Kraft Heinz Co made a surprise $143 billion offer for Unilever Plc in a bid to build a global consumer goods giant, although it was flatly rejected on Friday by the maker of Lipton tea and Dove soap.
The Dow Jones Industrial Average barely reached a seventh straight record high on Friday and the S&P 500 and Nasdaq also closed at a record as gains in Kraft Heinz helped offset selling in energy stocks.
A food fight might be brewing on Wall Street after Unilever rebuffed a proposed mega deal by Kraft Heinz.
Unilever rejected a surprise $143 billion takeover bid from U.S. food company Kraft Heinz Co on Friday, saying it saw no reason to discuss a deal which it said had no financial or strategic merit.
Blackstone has acquired a majority stake in cloud computing business Cloudreach for an undisclosed sum, the buyout fund said on Thursday.
Verizon Communications Inc is close to a revised deal to buy Yahoo Inc's core internet business for $250 million to $350 million less than the original agreed price of $4.83 billion, according to a source briefed on the matter.
Health insurer Aetna and rival Humana said on Tuesday they had mutually ended their $34 billion merger agreement.
Investment firm Blackstone is buying Aon's technology-enabled benefits and human resources assets in a deal valued at up to $4.8 billion.
Reckitt Benckiser has agreed to buy U.S. infant formula maker Mead Johnson Nutrition for $16.6 billion, its biggest deal ever and opening up a new market area for the British consumer goods company.
President Donald Trump says he wants airline travelers to have the best service with minimal delays.
Predicting diminished competition and likely higher costs, a federal judge rejected Anthem Inc.'s bid to buy rival health insurer Cigna Corp.
President Donald Trump's nominee for secretary of labor has proposed avoiding conflicts of interest by resigning as CEO of his fast food empire, selling off hundreds of holdings and recusing himself from government decisions in which he has a financial interest, according to his ethics filings with the government.
Toshiba has received an offer as high as 400 billion yen ($3.6 billion) for a 19.9 percent stake in its flash memory business, with other bids as low as 200 billion yen.
A federal judge on Wednesday rejected Anthem Inc.'s bid to buy rival health insurer Cigna Corp., saying the merger would likely lead to higher costs, less competition and diminished innovation.
A federal judge on Wednesday blocked health insurer Anthem Inc. from acquiring rival Cigna Corp., the second court ruling in recent weeks to deal a decisive rebuke to efforts to reshape the industry through megamergers.
Andrew Puzder says he would avoid conflicts of interest as President Donald Trump's secretary of labor by resigning as executive of a fast food empire, selling off his holdings and recusing himself from government decisions in which he knows he has a financial interest.
An Austin-based driller said this week that it's buying about 71,000 acres of land in the energy-rich Permian Basin for $2.8 billion, becoming the latest energy company to make a major investment in the region.
Dow Chemical and DuPont are proposing more divestments as a way to nudge European regulators to approve their merger.
Meredith and an investor group led by Edgar Bronfman Jr. have advanced in their pursuit of Time Inc. as the publisher explores a possible sale, according to people familiar with the situation.
The clock is running out on the retailer's turnaround.